The smile curve of the bearing industry
In 1992, a president in Taiwan proposed the famous "smile curve". The horizontal axis of the curve was divided into three sections from left to right: the left section was technology and patents;The middle section is assembly and manufacturing;The right section is brand and service, and the vertical axis is value added, which represents profit margin.For the traditional manufacturing service industry, it can be seen from the smile curve that the two ends bring higher added value to the enterprise, while the manufacturing in the middle is the link with the lowest added value.
